Medical Devices Acquisitions in Washington

Emergency Care Holdings (ECH), a platform backed by Bridgefield Capital, completed the acquisition of the Philips Emergency Care business from Koninklijke Philips N.V., which will operate as Heartstream under a Philips brand license. The carve-out, headquartered in Bothell, Washington, employs more than 600 people, serves over 130 countries and positions ECH to launch a global emergency medical products platform focused on consolidation, innovation and recurring software and service revenue.

Solmetex, LLC has acquired ReLeaf, a developer of hands-free, high-volume evacuation systems for dental hygiene and clinical procedures, to expand its patient-safety and procedural-efficiency product portfolio. The acquisition will integrate ReLeaf's evacuation and aerosol-reduction technology into Solmetex's offerings and broaden accessibility to dental practices in the United States and Canada. Financial terms were not disclosed; Solmetex is PE-backed by investors including GTCR, AGIC Capital, Avista Healthcare Partners, and Gemini Investors.

Merit Medical Systems has executed an asset purchase agreement to acquire the EsophyX Z+ device and related assets from EndoGastric Solutions, Inc. for approximately $105 million in cash. The acquisition expands Merit’s gastrointestinal product portfolio and provides clinicians a minimally invasive treatment option for GERD via the EsophyX TIF 2.0 procedure.

Bruker Corporation has acquired substantially all assets of NanoString Technologies, Inc. through a court-supervised Chapter 11 asset sale for approximately $392.6 million in cash plus assumption of certain liabilities. The deal, announced April 2024 and closed in late April/early May 2024, brings NanoString's spatial biology and gene-expression product lines into Bruker to preserve customer access, product development, and jobs while expanding Bruker's life‑science instrumentation capabilities.

Thermo Fisher Scientific has completed its acquisition of MarqMetrix, a Seattle-based developer of Raman-based in-line spectroscopy and Process Analytical Technology (PAT). The deal adds Raman-based in-line PAT capabilities to Thermo Fisher’s Analytical Instruments segment; terms were not disclosed.

Reliable Medical, a partner company of Seven Hills Capital, has acquired Capstone Medical, a Lakewood, Washington-based provider of complex rehabilitation technology and custom rehabilitation equipment. The deal positions Reliable Medical to expand its product and service capabilities for skilled nursing and long-term care providers and to broaden its geographic footprint.

Össur has acquired Naked Prosthetics, a US-based maker of custom finger and partial-hand prostheses, effective August 26, 2022. The purchase expands Össur's upper-limb product offering and strengthens its position in the prosthetics market globally; Naked Prosthetics is based in Olympia, Washington and employs around 70 people.

StatLab Medical Products has acquired Mount Vernon, Washington-based BBC Biochemical to expand its manufacturing capabilities and broaden access to diagnostic supplies for anatomic pathology laboratories and OEM partners. The acquisition increases StatLab's capacity for formalin prefills and strengthens its international OEM business.

Aspen Surgical Products, Inc., a PE-backed manufacturer of surgical disposables, has acquired Beatty Marketing & Sales LLP, a Redmond, Washington-based maker of orthopedic positioning products, sterile positioning kits and suture retrievers. The add-on expands Aspen's orthopedic disposables portfolio and increases its reach into hospitals and ambulatory surgery centers across North America.

Advancing Eyecare, a PE‑backed ophthalmic instrument platform formed by Atlantic Street Capital with industry partners, has acquired Ophthalmic Instruments & Consulting Company (OIC), a Pacific Northwest supplier of classical and diagnostic ophthalmic equipment. The add‑on expands Advancing Eyecare’s regional coverage and service capabilities to better serve ophthalmologists and optometrists.

Mi-Med Supply, a Vista, California–based medical supply provider, acquired Peaks & Plains Inc., a Spokane, Washington–based durable medical equipment and supplies retailer. The transaction, announced by advisor Generational Equity, closed April 30, 2015 and is intended to expand Mi-Med Supply’s retail offering and footprint on the West Coast, particularly in the Pacific Northwest.